Climate Action Corner: Solar Investment Tax Credit Extended by Two Years!


  • The Solar Investment Tax Credit (ITC) allows homeowners to install qualifying solar energy systems on their homes or businesses and claim a tax credit.

  • The residential ITC will be 26% in 2021 and 2022. It will drop to 22% in 2023 and then disappear in 2024 unless Congress acts to change this.

  • A tax credit is superior to a deduction as it directly reduces your tax payment (rather than lowering your adjusted gross income)

  • For more information about Residential Solar, achieving clean energy goals, as well as exploring The Solar Vision: a 100-day Agenda, visit the Solar Energy Industry Association’s website: https://www.seia.org/initiatives/solar-investment-tax-credit-itc

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